|
发表于 2012-4-13 12:38 PM
|
显示全部楼层
Time To Buy Gold Again, Ned Davis Research Says
By Brendan Conway
Hey, you. Nervous investor. It might be time to buy some gold.
By at least one measure, something important changed in March in how investors are viewing the metal, judging by Ned Davis Research analyst Neil Leeson’s interesting look this morning at the weakened SPDR Gold Trust (GLD) this year. He specifically found a big change in GLD versus a fancy new risk-trading vehicle, the ETRACS Fisher-Gartman Risk On ETN (ONN). It’s one of the reasons he’s recommending buying gold now even though the GLD hasn’t dipped to the $148-$150 level he was ideally looking for. The ETF fell 0.6% to $161.79 in mid-Friday trading. The ETFS Gold Trust (SGOL) was down 0.6% at $164.94.
Associated Press
Buy me after reading this.
Even as gold’s chart weakened in March, the metal appeared to regain its old-fashioned role as a haven asset. It started moving with a noticeable negative correlation to the Fisher-Gartman ETN, which is built with long positions on “bullish” areas like crude oil and the SPDR S&P 500 ETF (SPY) and short positions on “safe” Treasuries and the Swiss franc. That’s a change from earlier in the year, when “risk on” meant gold rose alongside stocks and oil.
Leeson’s other reason to look more favorably on gold: Sentiment has gotten awfully pessimistic. But the negativity is starting to bottom out or improve by one measure. Watch the whole thing here — the video’s only a minute and 28 seconds.
For more on the Fisher-Gartman ETN, go here to learn about a product who value “is expected to rise when the outlook on markets and the broader economy is positive and to decrease when such outlook is negative,” according to issuer UBS AG (UBS).
=======
This supported my view that gold will become safe haven asset again.
http://hutong9.net/forum.php?mod ... 66&fromuid=9090 |
|